Without speaking for Derek, it appears fairly obvious given his previous comment http://www.ferrarichat.com/forum/144121506-post550.html that he meant it was a rough day for Sellers. The auction business will always be lucrative for auction houses.
With fees..$126,500.00 I went to $110K...could get past that due to the date coded tires, the chrome wheels starting to flake...but it was all in all a decent example and nice car...I think it was bought well for an end user, but not for a re-seller. We will see what the other one does tomorrow.
Very rough car but a great candidate for a full blown resto. That's what the new owner has plans to do. Geno
Olivier your friend bumped me good by a decent sum that could buy a nice Diablo. Thanks to him the car sold for an unexpected sum. Geno
15 years ago when the car was restored a few of these items were not addressed to correct to the original configuration. Where did this steering wheel come from with it's narrow spokes and strait instead of curved upper spokes? Than there are the tail lights and the incorrect finish on the exhaust. I don't get why the issues were not attended too as the quality of all other work over all is quite good. As you said nothing that can't be corrected. As you know these aren't a ton of choices at any given moment to acquire an SV. So although the price paid is definitely steep it may just prove to be a decent buy in a few years. Based on the prices paid for the 220 Jag (that hardly ran), the not so nice F50, the average condition 288 GTO and the sky high result for the MC12 that were all back up cars for me, the SV's high price was not a surprise. 25 cars auctioned off in 2 hours in a super packed room with standing room only. I knew immediately there would be no bargains. Geno
I sure hope so. I think the market rose for these cars entirely too fast, but I'm not as knowledgeable as people like Sackey.
Based on the prices paid for the 220 Jag (that hardly ran), the not so nice F50, the average condition 288 GTO and the sky high result for the MC12 that were all back up cars for me, the SV's high price was not a surprise. 25 cars auctioned off in 2 hours in a super packed room with standing room only. I knew immediately there would be no bargains. Geno What was the hammer/high bid on the XJ220?
1990 Lamborghini LM002 @ Mecum Monterey Saturday August 15th 2015 1 OF 48 US-MARKET TRUCKS PRODUCED Lot S53 VIN: ZA9LU45A1LLA12194 Red/tan ESTIMATE: $275,000 - $300,000 The LM002 was the most exotic off-road vehicle of its time by a desert mile, and in private hands the most rare. Only 328 LM002s were produced between 1986-92, with a scant 48 produced for the U.S. market in 1990, one of them is this imposing example now showing 16,886 kilometers. The Lamborghini LM002 is powered by the 5.2L V-12 engine with double overhead cam and four-valve heads rated at 450 HP, teamed with a 5-speed ZF transmission and four-wheel-drive. Finished in a shade of Red that could only be found on an Italian exotic, the LM002 features integrated step-ups to allow easy entry into the most luxurious interior ever to grace an off-road vehicle, with unknown quantities of Tan leather and burled wood trim aplenty. Rolling on MSW/OZ alloy wheels wearing heavy-duty Pirellis, this most exclusive SUV comes complete with jack and tools, the original manuals and various publications. Only 328 LM002s produced between 1986-1992 - One of only 48 produced for U.S. market in 1990 - Believed to be 16,886 kilometers - Fuel injected 5.2L V-12 engine - 5-speed transmission - 4-wheel drive - Red with Tan interior - MSW/OZ alloy wheels - Integrated entry step - Tool kit and jack - Original books - Miscellaneous publications https://www.mecum.com/lot-detail/CA0815-219939/0/1990-Lamborghini-LM002/5-Speed/ Image Unavailable, Please Login
Looks like an Espada steering wheel to me. 15 years ago, the steering wheel and the tail-lights issues were pointed out to the owner who kept the car for next 10-plus years. He had the resources and connections to rectify the issues. The same with the next owner/current seller. There are many Lambos that exist with the same issues for decades, and thus Ive come to the conclusion that many owners buy them mainly as vehicles of investment. This subject underscores that.
1988 Lamborghini Countach 5000 QV @ RM Sotheby's Monterey To be auctioned Saturday, August 15, 2015 Lot 308 Estimate: $425,000 - $500,000 No reserve VIN: ZA9CA05A4JLA12214 Black/black Three owners from new; 2,800 actual miles Largely original and unrestored, including paint and interior Original tool kit, manuals, paperwork, and service receipts since 1990 Recently serviced by a Lamborghini specialist The 5000 QV offered here was sold new in October 1987 by Lamborghini East, with an original MSRP of $135,850, including the factory-optional rear wing. It has benefitted from continuous ownership by enthusiasts ever since and retains its original paint and interior, both in excellent condition, as would be expected from a Countach that has been driven just over 2,800 actual miles. In fact, the only major change to the car since new has been the installation of an improved Ansi exhaust system by Evans Automotive in 2002. Even the Pirelli P7 tires are correct. The car has recently undergone a full mechanical service and concours-level cosmetic detailing by Lamborghini specialists, and it is offered with not only its original MSO but also copies and/or originals of every title since new, ownership transfer papers from each side, all of the original sales paperwork from 1987, and the original tool kit and owners manual. There is also a collection of service receipts dating back to what was, presumably, the cars first service in 1990. Offered from its third owner in beautiful and original condition, this is a virtually pristine Countach 5000 QV, representing one of the ultimate variations of the 1980s ultimate supercar. ADDENDUM Please note that due to California emissions this vehicle will need to be purchased by a dealer or out-of-state resident. 1988 Lamborghini Countach 5000 QV | Monterey 2015 | RM Sotheby's Image Unavailable, Please Login
You're absolutely right. It's a known fact that the seller of the Pinnacle collection assembled the cars for the sole purpose of liquidating for a profit. I think he accomplished that mission. I have plans to get the car right as I don't own cars as investment vehicles. Geno
Lets see how the Countachs and the rest of the cars do over the remaining days, then we can compare from where we were this time last year, and see where the market is at.
1991 Diablo @ Mecum Monterey Saturday August 15th 2015 Lot S156 Red/tan VIN: ZA9DU07P9MLA12136 ESTIMATE: $130,000 - $150,000 This fine example of a rear-wheel-drive Diablo is believed to have only 21,783 original kilometers or 13,069 miles. It features Red paint with an optional rear wing, polished wheels, a TUBI Italian performance exhaust system, Tan leather interior with Red piping, the original Alpine stereo system, a CarFax, books and manuals, service records, tool kit and emergency parts kit. - 13,071 actual miles, 21,786 kilometers - Rear wheel drive - Optional rear wing - Red exterior paint - Tan interior with Red piping - Polished wheels - Original Alpine stereo system - TUBI Italian performance exhaust system - Clean CarFax - Books and manuals - $15,000 in services within the last 1,000 miles - Service records - Tool kit - Emergency parts kit https://www.mecum.com/lot-detail/CA0815-219974/0/1991-Lamborghini-Diablo/ Image Unavailable, Please Login
1969 Miura P400S @ Mecum Monterey Saturday August 15th 2015 Lot S66 Orange/black Chassis: 4289 Engine: 30414 ESTIMATE: $1,500,000 - $1,750,000 Miura S s/n 4289 is a truly exceptional collector-caliber example that would be difficult to improve upon. It is a fantastically original and complete low-mileage Miura S with matching numbers, original paint, and original interior. The car has covered less than 49,000 kilometers from new (31,000 miles) and was delivered new in Italy to its first owner Carlo Carità of Naples on 14 August 1969. On the 7th of June 1973, its long term keeper, a gentleman residing in Bethlehem, Pennsylvania, purchased the car for $7,900, and kept the car for 41 years, until the spring of 2014 when a collector in Southern California purchased it. At that time, the car was just finishing a complete engine and transaxle overhaul at the highly regarded Lamborghini specialist Evans Automotive in Columbus, Ohio. The car has a very complete books set, a jack with bag, a tool roll with tools, spiral bound copy of the technical manual and parts catalog, and a host of fascinating period documentation. The documents include an original dealer directory, original owner’s manual, original guarantee card (showing both chassis number and engine number), due bill from Lamborghini dated 14 August 1969, Voxson radio booklets, Hirschmann antenna card and booklet, original insurance papers dated 11 August 1969, the invoice from when its American owner purchased it in 1973, and miscellaneous service invoices and correspondence from 1973 and 1974. Cosmetically, the car is in exceptional original condition. The paintwork is glossy and while it displays a few chips and scratches, it has survived impressively well over the years, with the same color intensity and arresting character as it has always had. Other than a section of the front clamshell between the headlamps, the car has never been repainted. The bright trim, glass, and lights are in excellent original condition. The wheels and spinners appear to have been refinished and the car sits on 9-inch wide rear wheels. The panel fit and operation is excellent, as to be expected in a car that has never been apart for paintwork. The interior is also in fantastic original condition. The dashboard and console remain in the correct dark grey vinyl material, while the seats and door panels are black. The car has fabric inserts, which, like the remainder of the upholstery, are excellent. The steering wheel has never been retrimmed, with a pleasant patina to the leather, and the spokes and center cap are excellent. The instruments and switches are equally nice and the headliner is excellent. The engine compartment is in excellent shape. The engine is beautifully detailed, and the chassis and suspension are tidy and attractive, but not freshly restored. The correct silk-screened FIAMM air cleaner tops are present, and the springs are correctly painted blue. The front compartment is similarly nice, with clean and attractive unrestored chassis. The level of correctness and completeness is high, including the often-missing rubber battery cover and spare tire hold-down straps. The front brakes are the late-type vented discs. The trunk is unrestored and is in very good condition, with original upholstery still in place. This is a truly outstanding opportunity to acquire an irreplaceable Miura S. Fantastically original, this matching-numbers car has low mileage, few owners from new (including one owner for 41 years), drives great, is finished in an iconic and stunning color combination, and is exceedingly complete. Given this unique combination of traits, it must be one of the best original cars of this type in existence, and it would be difficult to imagine a more desirable, original or complete Miura. - Mostly unrestored with 49,000 kilometers - Original paint and interior - One of the best original cars of this type in existence - Delivered new in Italy to its first owner - Imported into the United States to its second owner who cared for the car for 41 years - Acquired by the current owner in 2014 - Matching numbers engine - Engine and transaxle overhaul by Lamborghini specialists - The engine compartment has been detailed - Very complete set of books, a jack with bag, a tool roll with tools, spiral bound copy of the technical manual and parts catalog and period documentation https://www.mecum.com/lot-detail/CA0815-219862/0/1969-Lamborghini-Miura-P400-S/5-Speed/ Image Unavailable, Please Login
Not unless there is a second once-in-a-generation financial crisis. The Diablo market was "hot" for a couple of reasons: significantly under priced between 2007-2013, re-sellers bought up all available inventory and then added a 30-50% premium, and lastly, a high tide raises all boats...the collector car market was "hot" and is generally leveling out recently...while there are exceptions to everything, prices for the most part have stabilized and aren't running with the momentum they had a few months ago. The Diablo, with limited production numbers, great performance, and looks that starkly contrast the crowd of muted homogeneous designed paddle shifting modern cars, will become more and more appreciated as collectors look for the last remaining super cars with a stick between the seats.
